232 N 3rd St, San Jose, CA 95112
232 N 3rd St, a multifamily property located just three blocks from San Jose State University, closed at $2,400,000 on June 13, 2025, by the R&Z Group.
This 10-unit property features four 2-bedroom, 1-bath units, four 1-bedroom, 1-bath units, and two studio units, totaling 6,979 sq. ft. with a price per unit of $240,000. Key highlights include a cap rate of 6.25% and a gross rental multiplier (GRM) of 10.54. Situated in downtown San Jose, the property benefits from strong rental demand and walkability.
Ken Wu, Senior Investment Advisor at the R&Z Group, facilitated this transaction.
Contact The R&Z Group:
Ray Rodriguez | (650) 405-0743 | Lic# 01999734
Tony Zizzo | (650) 770-8356 | Lic# 01962093
Ken Wu | (415) 825-3085 | Lic# 02131550
